Data Insecurity Part 6 The electronic payments industry's continued prowess in holding fraud in check despite the mounting scourges afflicting online transacting is all the more remarkable when you consider that the banking industry, whose fundamental business is risk management, is largely a no-show in this channel. Merchants and their …

NACHA-The Electronic Payments Association expects to release pricing details in about two weeks for its long-awaited online-payments pilot, an official working on the project says. The details will set out a form of interchange fee merchants' banks will pay to banks that will authorize transactions and authenticate consumers, as well …

A startup processor on Monday launched a service intended to allow consumers to pay online merchants with cash. Retail Expansion Network Inc., Oakland, Calif., says its PaidByCash service will attract consumers who are reluctant to use credit cards online or who don't have bank accounts, and will be cheaper for …

First came PayPal Inc., then Google Inc.'s Checkout service. Now MODASolutions, an Ottawa-based company that lets consumers pay e-retailers as if they were paying any other online bill, is offering incentives tied to the holiday-shopping season to promote alternative ways to pay online. But in MODASolutions' case, its SECURE-eBill service …

Against a backdrop of an increasing number of online transactions requiring manual checking by Internet merchants to control fraud, transaction-gateway provider CyberSource Corp. this week introduced a service that lets merchants pinpoint customers' locations and write business rules to control whether, in light of this information, orders should be fulfilled. …

Online retailers have long deployed front-end screening systems to check card-not-present transactions for fraud. A new software product announced Tuesday, however, is apparently the first commercially available product to automate what is now a heavily manual process of checking orders that don't pass these screens and yet are not unambiguously …

The share of e-commerce dollars coming from so-called alternative payment methods will grow from 12% in 2005 to 26% in 2009, an electronic-payments expert says. And two such alternatives emerging only now will gain momentum over the coming three years, with PIN debit accounting for about 3% and NACHA's new …

Deep discounts on interchange rates for Internet transactions authenticated through MasterCard International's SecureCode technology are taking effect just as the security system appears to be attracting more issuers and online merchants, according to a vendor of online authentication systems that supports both SecureCode and Visa USA's rival Verified by Visa …

Automated risk-scoring systems are starting to assume a higher profile among online merchants as they struggle to control transaction-fraud losses, rejection of valid orders on suspicion of fraud, and the costs of manual order review. David A. Glaser, director of professional services at CyberSource Corp., a Mountain View, Calif.-based transaction-processing …

The need among online merchants and banks to harden their Web sites against phishing, pharming, and other attacks only rises by the month, and that's helping to drive business for startup companies like The 41st Parameter Inc., Scottsdale, Ariz. The company, formed last year, takes its name from its belief …